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that could shut down some of the country's busiest ports. we'll show how it could impact you. ?o [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> it was a wild ride to election day 2012. jim acosta has the top ten campaign stories of the year. >> reporter: the year started off with a surprise i
. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that a solution may be in sight. >> it was a construct
pushing blue-chips into triple-digit gains. right now the dow is up 113 points. >>> workers at the ports of los angeles and long beach are back at work today of an eight-day strike crippled one of the nation's busiest ports. the announcement came from the mayor of los angeles who joined federal negotiators to negotiate a deal between the employees and portfolio managerment. mayor villaraigosa will be a guest on fox business. >>> elizabeth murdoch died, mother of rupert murdoch. she was considered one of australia's most generous philanthropists donating money to more than 100 charities. dame elizabeth murdoch was 100 years old. that is the latest from the fox business network, giving you the power to prosper. lori: as republicans and democrats continue the back and forth over the fiscal cliff one thing they're already losing is the confidence the american people. look at this. just four in 10 americans believe washington will reach a deal by year's end to avert the fiscal cliff but nearly half do not think they will. that is according to this new poll released by the pew research center.
.com/pricerewind. >>> as if the looming fiscal cliff wasn't enough to worry about, now 14,000 dockworkers at ports from massachusetts to texas are threatening to go on strike sunday. that could cost americans billions of dollars, because shipping costs on everything from shoes to cars would skyrocket. cnn's brian todd is at the port of baltimore. >> reporter: victor, this is a crucial port for commerce in this region. this is the seager terminal in baltimore. you see a containership to my right, the terminal on my left. over my left shoulder, 600,000 containers move through the port of baltimore every year, billions of dollars' worth of goods but that could all come to a grinding halt if the dockworkers and the shipping companies can't reach a deal. they moved everything from our cloths to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores if longshoreman from maine to texas go on strike. that's what could happen by sunday if a deal can't be reached between the major shipping companies and a union representing nearly 15,000 longshoremen. >> the imp
returning to work at the port of los angeles. after very costly strike costing a billion dollars per day. coming up, the mayor is going to be joining us live, talking about the ports, the drive to bring a football stadium back to life to the city and the city's biggest looming crisis. liz: pandora taking a big hit today down 17.5%. the company beat on some expectations and did very well with revenues but they lowered fourth-quarter estimates saying they swing a lot. pandora president and ceo on why the expectations were lower. he says it is one metric, nothing to worry about and what is being done to bring in more revenue from the event. david: a mixed day on wall street stepping the losing streak while the nasdaq closed in the red as apple tumbled almost 7%. searching before getting back some of the gains in the last half-hour. utilities and financials with a top performing sectors. adding 118,000 private sector jobs in november. sharply down from 137,000 created in october. blaming hurricane sandy saying it trimmed job growth by 86,000 workers, small business created the fewest jobs in
could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension or stoppage of work would have an adverse effect. >> we handle more cars, we handle more farm and construction equipment than any other u.s. port. patti ann: we're learning that adverse effect could take a toll on the economy. fox business network's stuart varney has more for us on that this morning. good morning, stu. >> good morning, patti ann. you're talking about two million tons of cargo a day. you're talking about billions of dollars of commerce every single day. if there is a port strike that takes place possibly on sunday of this weekend, then 14,500 dock workers walk off the job at 14 major ports on the east coast and the gulf coast. directly affected? retailers who will have a hard time getting supplies in for the spring sales. the wareho
. >>> problem averted? dock workers that were threatening to strike and shut down ports tomorrow come to a temporary deal but could the country be facing the same problem in 30 days? we'll talk about that. >>> plus, severe weather could be on the way to the east coast as parts of the country continue to recover from storms that crippled communities already. who may be affected this weekend? >>> plus -- >> from father to father, president, i just ask that as a father just to consider what's happening to the families that are in process. >> couples hoping, praying to adopt russian orphans and pleading with russian president vladimir putin after he signs a law banning americans from adopting russians. one advocate said they're small change in a game between two states. >>> as always, join our conversation on twitter. you can find us. >>> another winter storm is moving in to parts of the country right now. 65% of this nation blanketed from snow from the last one. look at that map. a whole lot of snow in a lot of places. that massive system is gone but not after a foot of snow in new engla
port -- >> we have the big red doing, cliff clafb, listen, to me this is probably a bigger issue in the short term. here's the thing. 15 ports, container ports may go on strike if they don't get a deal made on their contract. they extended from september to now, it's going to expire. this is 40% of the nation's container traffic. it won't impact cars, food or military items. they'll still work for load and unload those, but 40% of all the goods that will come in our out of the this country sitting idle at 15 different ports? that could slam retail sales. our economy, 74% consumer spending, could cost us a billion dollars a day. take your pick of cliffs. we have a cornucopia of cliffs to face as we head into this new year. >> one at a time. brian sullivan, thank you, sir. >>> just after firefighters were shot in webster, new york. there's another deadly shooting. three police officers from camden, new jersey are in the hospital off being shot in a police state officials say one was shot below his bulletproof vest. the other two officers are being treated for graze wounds. police s
-out could affect ports from boston to houston. >>> for the second time this month a man has been pushed to his death in the path of a new york subway train. >> crazy people running the streets. >>> an uninvited guests slithered into a backyard in florida. >> somebody else got the shower on the sideline. >> jamal crawford who i think should be an all-star coming off the bench is dangerous. be still. >> and all that matters. >> hillary clinton plans to go back to work just in time for the new year. >> two reather than get angry and you show it you live a lot longer. >> he gives a speech about hitting the debt ceiling! i'd like to see if he could even count to 1 million much less 16.4 trillion! captioning funded by cbs >> it's friday welcome to "cbs this morning," everyone. i'm jeff glor with rebecca jar sis. charlie, gayle and norah are off. there are predictions but little progress in washington with a deadline for the fiscal cliff now just four days away. >> president obama meets later today with congressional leaders in one last effort to make a deal before the dead
. these are the workers who move goods from the nation's ports to the stores. >> everybody from your mom and pop retailer to your farmer, to the trucking company who has go in and pick up the containers at the ports. this will be felt not just at the local economy, but nationwide for everybody else who relies on these ports. >> one port official says east and gulf coast ports handle about $55 billion worth of cargo a month so a strike could have a major effect on the retail business. >>> land lines not going the way of the vcr just yet. older americans are slow to get rid of land lines and go mobile. the centers for disease control asked 20,000 households about trends throughout the year. the study found about 52% use cell phones for all of their cal calls, that's less than 2% increase from previous years. the older generation is slower to make the switch. >>> patrick democracy might play a doctor on television but he's doing some economic cpr in real life. the ""grey's anatomy" start" trying to rescue a coffee shop chain in seattle. they're hoping to save about 500 jobs. democracy said he within as to g
. not as much as massive port strike would if no deal is made before this saturday. some are calling it the port's cliff. that's not the only outrage coming from the unions this week. we are going to discuss that next. free market capitalism, best path to prosperity. this is something they learned the hard day the american people are tired of the status quo. >> who are you going to vote for? >> definitely not this guy. >> you know your money got him elected last time. >> i didn't give that guy a dime. >> yeah, you did. our union gave him a big chunk of your dues money. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote.
of our nation's busiest airports to key shipping ports. big labor is flexing its big muscles after the election and gary b, you say it's a big problem for us, the consumers, how so? >> absolutely, brenda, look, everyone should realize what unions are, unions are a little monopoly in the comny and exercising the the monopoly powers, raise the rates and this days the wages for their employees through an unsustainable level. so what the employees have to do is pass those costs on to the consumer. you know, you just have to ask, brenda, where have unions made an industry more competitive? i can think of examples where they haven't, airlines, steel, auto, across the board, governments they put out of business, if even can argue they've made it more competitive. i'd stand up for unions and i can't find aexample. >> prices have gone up in all of tho industries and you say, fast foods, too cheap? >> yeah, i mean, i'll tell y what, i don't actually believe that we'll see unions at the fast food restaurants, but i actually wish we would. because, the fact is you could make these jobs more at
ports in l.a. and long beach are back in action. an eight-day strike started by clerical workers over the outsourcing of jobs has ended. an additional 10,000 port workers refused to cross the picket lines, which crippled cargo deliveries. the clerical union is expected to vote on whether to ratify the agreement in about 2 weeks. while shippers and workers have worked out a deal, the national retail federation warns it's possible retailers could get left with some bare shelves during the holidays if the strike continued. plans are moving forward to allow big box retailers to do business in india. for years, walmart and other u.s. companies have been battling to set up shops there. the indian government has enough votes to pave the way for the retailers despite crisitism that bringing in big box stores will crush small shops and farmers. later this week, the indian parliament's upper house will debate the issue. details are emerging into how a fire at a bangledesh factory could have been avoided. the factory makes clothes for walmart and sears. last month, 100 people were killed in the
and long beach port workers were back at work today, ending a costly eight-day strike. the ports were crippled after clerical workers went on strike and were supported by the longshoreman's union, which refused to cross the picket line. the shutdown cost $1 billion a day. the work stoppage also forced ships to reroute to ports in mexico, panama and northern california. a tentative deal was reached late last night after federal mediators joined negotiations. no details yet on the deal, but workers are expected to get new terms that will prevent jobs from being outsourced. >> tom: we saw the influence of apple on any stk inx which includes it. without apple, the dow rallied. but the nasdaq and s&p 500 were weighed down thanks to apple's weakness. the s&p 500 hit its lowest level of the session just after a stronger than expected report on the services sector before 11:00 a.m. eastern time. it bounced into positive territory and closed up 0.2%. volume picked up a little on the big board with 757 million shares. 1.8 billion moved on the nasdaq. the technology sector was the big drag on th
a crippling 8-day strike at the port of los angeles and long beach. we'll look at the toll that the work stoppage has taken on the u.s. economy. bill: a questionable cartoon featuring the rich stealing from the middle class. martha: two rising stars in the republican party laid out their vision for the future last night and for their party. >> we need to carry on and keep fighting for the american idea. the belief that everyone should have the opportunity to rise. to escape from poverty. to achieve whatever your god-given talents and hard work enable you to achieve. wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. i've got
load or unload cargo at any of the ports, l.a. or long beach. adam houseley's there live. what's the latest there, any movement in. >> reporter: not much movement at all. a few ships are getting through. the quote given to me this morning was they're trickling in. i'll step away, you can see to the port complex. l.a./long beach, the twin bolters. 40% of all cargo traffic in the country comes through here, the largest port complex in the country. you put the two together, you separate 'em out, and they're one and two. cargo ships just sitting there waiting to be unloaded. we know of at least 11 ships that have gone to other ports because this port has been shut down for a week. as far away as panama. nothing's getting through here, as i mentioned, one port employee said stuff is just trickling through. bill: what are the two sides saying, adam? what are you hearing? >> reporter: well, both sides, of course, blame the other side. the clerical workers are the ones that have gone on strike here. there's about 800 of them. they say that when they retire, those jobs are being moved o
. >>> another executive quits his job at the port of oakland after an independent investigation into expenses charged to the port. the probe found dozens of employees put questionable charges on the port credit cards. >>> got your traffic and rain on the way coming up. ,, ,,,,,, >>> good morning. a live look at the bay bridge, it's backed up solidly through the may see this morning. there is a stall reported near the metering lights so that's not helping the commute about 20 to 25 minutes to get on the bay bridge. the nimitz 880 through oakland looks good towards downtown. and once again a dense fog advisory issued by chp for portions of eastern contra costa. >> patchy fog out there now out the door. watch out for that especially in some of the interior valleys. but yeah, looks like the 30s and 40s right now. by the afternoon, only in the 50s and 60s. increasing clouds chance of rain is on the way. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn
. the nation's busiest port complex is back in business after an eight-day strike halted operations. the ports of los angeles and long beach, california reopened today after port operators and the worker's union reached an agreement late tuesday. the union said it won new protections against job outsourcing. port officials said during the walkout, they were unable to move some $760 million worth of cargo a day. wall street had a day of ups and downs and investors watched economic reports and weighed chances for a fiscal cliff deal in washington. the dow jones industrial average gained more than 82 points to close at 13,034. but the nasdaq fell nearly 23 points to close at 2,973. the day's big loser was apple, down more than 6% over concerns that smart phone sales are lagging. former texas congressman jack brooks has died. he served 42 years in the house, and was in the dallas motorcade on november 22nd, 1963 when president kennedy was assassinated. hours later, brooks was on hand as vice president and fellow texan lyndon johnson was sworn in to the presidency. later, brooks helped author the 1
's why. the ports will be open tomorrow. late last night, l.a.'s mayor announced an agreement has been reached to end the strike that crippled the nation's largest port complex just hours after federal mediators have arrived. >>> netflix soared 14% after inking a blockbuster deal for exclusive streaming rights to walt disney movies. >>> big lots shares shot up, but the sec is investigating the chief executive over a $10 million sale he made just over a month before the company's stock tanked earlier this year. the story was first reported in the "wall street journal." meanwhile darden is blaming a lackluster quarter on poor promotions and backlash over its stance against obamacare. the federal administration aviation is requiring boeing 787 have their fuel line connectors inspected over possible fuel leaks or fire. >>> john mcafee has turned up in guatemala city seeking political asylum. he's wanted as a person of interest about the murder of a fellow american. back on the street, keep an eye on pandora. it plunged 23% after the bell. and does it sometimes feel like you spend your whol
on sunday between labor union shipping at ports from boston to houston, could be halted. insiders say a deal looks like a long shot. right now over 14,000 workers are threatening to strike at 14 major ports. you see them go all along the south and east coast. not only will a strike cause billions of dollars a day, it will force shipping costs to rise. things will be delayed coming in. right now the union is fighting for workers to be paid per shipping container, which comes out to a salary of $124,000 per year for each worker. >>> mother nature adding insult to injury to people still trying to recover from super storm sandy. many in sea bright, new jersey, was devastated down there, say this week's nor'easter was like being kicked while down. one homeowner picked what she could salvage from sandy in a container. she sadly discovered it flooded. >> i don't know what to do about that. i'll have to -- first of all, get it out and get it someplace and dry it out. >> juliet: i drove down there three weeks ago, i could not believe what i saw. about 150 out of the 300 people who live there stayed.
strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the sen
tuned, but the police chief says all three knew each other. >>> two of the nation's largest ports are shut down due to a strike. workers in los angeles and long beach walked off the job tuesday claiming their jobs are being outsourced. the two sides remained at a standoff and that's hurting the bottom line. the executive director at the port of los angeles tells "outfront" some ships are being diverted to mexico. at this time of the year, that means everything you're buying for christmas. >>> tensions are rising in egypt after members passed a draft constitution today. all articles were approved by the muslim brotherhood, the party of mohammed morsi. frustrated coptic christians walked out because they said their views weren't being heard. the fate of the constitution won't be clear for another two weeks when egyptians get to vote on the draft. >>> the -- is warning tension could backfire. the reason, that's something of great concern and one group they're worried about is the group the international community has been trying to oust in that region. mark schroeder tells us aqim is
are threatening to whack off the job on sunday. a walk-off could shut ports down from boston to houston. they move more than 1,400 million tons a year. >>> seaworld is known for its water shows and killer whales. iter and $80 million during the first nine months of this year. seaworld's other properties include two busch garden parks and sesame place in pennsylvania. duarte? erica ferrar. >>> thanks erica. straight ahead, your weather and in sports dwyane wade gets hit where it counts, in the wallet. this ill-advised attack on this player. >>> here's a look at today's ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> here's a look at today's forecast in some cities around the country. new york, mostly sunny, 39 degrees. miami, mostly sunny, 77. chaurks occasional snow, 34 degrees. dallas, showers, 47. las angeles, mostly sunny, 63 degrees. >>> time now for a check of the national forecast. heavy w
looming crisis, dock workers at more than a dozen ports across the country are threatening to walk out on the job sunday. strikes along the east coast will create a domino effect. the white house is urging an agreement as quickly as possible. >>> month will rents are on the rise. it's up 3.7% over last year. >>> travelers have attempted to carry 1500 firearms onboard airports in 2012. a separate report found that most firearms were confiscated at atlanta's heartsfield airport. >>> sea world is hoping to make a big splash by going public. it's hoping to pay down debt by going public. no word on a stock price for investing in shamu. >>> where do you get the best bang for your buck in hollywood? natalie portman, averages $42.70. shia labeouf brings in $35.80. and daniel radcliffe rakes in about $30 for every dollar he earns. >>> a sandy hook scammer is busted and tim tebow gets shoved aside again. >>> police are on the lookout for their crooks who nabbed over $30,000 in loot in including four guns, you're watching first look on msnbc. . >>> there's your first look at some of the other new
dollars a day. anna werner is in houston at one of the ports that could be facing a walkout. good morning. >> reporter: good morning, rebecca and jeff. yes. there are two days to go before the strike deadline. they're at an impasse. at issue is pay for those working in the ports. but if it doesn't get resolved, the consequence could be a devastated impact on the economy. as the rest of the country focuses on the gridlock in houston, many are working overtime trying to get as many shipments out as they can before it comes to a standstill. the vice president of the national retail federation says a shutdown at the docks would have a ripple effect on the global economy. >> the ports are a primary piece of the global supply chain. if they're not operating efficiently, it slows down the system and hurts everything using the system. >> reporter: negotiations between the international longshore men union and the shipping companies are deadlocked. a shutdown would affect 15 points from boston down the east coast of florida and into the gulf of mexico as far west as houston. these ports handle nea
a billion dollars a day. that's just one port. this is going to be newark, the gulf ports down in houston. adam: what seems to be a sticking point is a fee that the men and women who unload the containers get paid by the weight of the container. one thing not knowing too much of the details of where the hold-up is, the containers are getting larger and larger. what the ports are saying is it's too expensive. it hit a point where the the fees can't keep growing. they want to cap it. that seems to be where they are at loggerheads. you don't want to shut down commerce in the united states and that's what this will do. liz: it would stretch from maine to houston apparently. it would choke supply chains across the country. and whether or not the federal government would step in and mediate this one is going to be a key issue going forward for any similar labor disputes. david: if the government does, of course the obama administration has been seen as being pro union, would that continue to be pro union even though being pro union could cripple this economy. liz: it depends on whoois on the bo
billions of dollars. a ten day port lockout in 2002 cost $1 billion a day and caused a major backlog and shipment. those same officials have called on the president to use emergency powers to avoid a coast guard port shutdown. talks broke down last week. federal ridi haters are hopeful to avoid a total shutdown. it was a customers tree this christmas with retailers slashing prices and hope of mary profit. did those deals bring in the dollar? adam shapiro is joining that story. >> it did not bring in the dollars the same way it has in years past. here are the numbers according to its polls. this is not indicative of those holders. from the period of october 28 through december 24, sales only grew by seven tenths of a percent. sales grew by 2%. as we take a look at some of our favorite video, people actually shopping, the retail federation is sticking to its prediction. we will see year over year growth for the holiday season. they are predicting we will have a $586 billion season. what we are seeing through spending polls and shopping track where they downward vision, the reaction to
: a strike that ships down most of the los angeles and long beach port complex for a lot of crucial ships entering the 7th day. it is a serious cause for alarm as in "santa claus." the longer it stays on the ship the less likely it lands on santa's sleigh. explain this. >>guest: right our biggest concern is we have ports shut down. a majority of the holiday merchandise has arrived in the united states right now there is the last big push to get the holiday merchandise to the stores and they are stuck on ships at sea. >>neil: if you don't follow this stuff, if this age of time inventory, retailers do not stack a lost stuff on their shelves, to save money and, also, to respond quickly to what is selling hot and what is not and a lot of this stuff on the ships is pretty hot, what could be affected for people. >>guest: it can be everything from wearing apparel, and consumer electronics, and foot wear, and home goods and folks are actually looking at bringing in spring merchandise so you are looking at patio furniture. >>neil: what would happen to the prices of those goods, then, if they are i
dispute over our nation's ports and a possible strike, we have just learned that both sides have resolved the royalties question and they have agreed to another 30 days of negotiation for other issues. what that means bottom line is there will be no strike at more than a dozen east ports for a month. >>> amid-the fallout that a plunge off the fiscal cliff would bring, there is this this. a tax break that has saved st g struggling homeowners from paying thousands of dollars to the irs. that's set to expire. alison kosik is at the new york stock exchange to explain this. so what is this all about? >> first of all, this would affect anyone who foreclosures on their home or who sells their home as what's known as a short sale. that's when you sell your home at a loss but avoid foreclosure. this could involve up to a million people. this is about a law put in place in 2007 called the mortgage forgiveness debt relief act. let's say you sell your house for $100,000 but your mortgage is $150,000. you normally have to pay taxes on the remaining $50,000. this law excuses homeowners from paying tha
to wow savings from banks. >>> and dock workers that we talked at four pacific northwest ports have moved closer to a possible labor clash with grain shippers. meantime, the parties in a larger separate dispute at 15 east and gulf coast ports have agreed to mediation. the ports face a strike deadline set for december 30. >>> and a new jersey pension fund is suing the nyse euro next or its proposed $ 8.2 billion sale to i.c.e., saying it undervalues the company stock. the lawsuit seeks class action status on behalf of other shareholders and aims to block the sale. another case of just -- you know, too many lawyers, too little to do. >>> and -- or not. i'm just -- we should put commentary on that. shouldn't we? but every time any deal is announced, there's always going to be some shareholders that wish they got more. and there's going to be a willing lawyer to say, okay, i'll take the case. >> pretty healthy premium. >> yeah. exactly. but that doesn't mean a lawyer -- >> it may not be enough. >> it's never enough. if you're going to wear a brioni tie. nice. did i out you? >> why, are those
issues like liquidity. >>> and a strike at the port in long beach could cost the u.s. economy $1 billion a day. more details when we come back. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ember 22nd for christmas delivery. >>> you'euro slightly firmer agt the dollar. this is bank of france governor says the city of london should no longer be the main trading hub. is he whis links in tling in th is it doable? >> i think if you look at the figures they speak for themselves. at the moment 40% is actually this london compared to maybe 3% in france, 2% in germany, and it's not just that london dominates, but that the long term trend is actually away from france and germany and towards london. so a tough challenge for the ecb. >> so even if eurozone banks -- i suppose can they lean on eurozone banks to move their trading floors to paris and frankfurt. i don't know. >> that's true. and the fact is with currency, it's not just abou
a different subject. something that could affect our economy short-term. port workers from boston to houston, threatening to strike and walk off the job come sunday. that could disrupt 2 million tons of imports every single day, and billions of dollars of economic activity every day, every week that this walkout continues. it's a threat at the moment, but it could become reality come sunday. if it happened, do you think we go into recession? is it the final straw at that kicks us into recession? >> well, given the fact that so many goods have come in in the end of the third and the beginning of the fourth quarter for the holiday season, i think if it's a short-term thing, we don't go into recession. now what i say about this, stuart, i say if that happens, fire them all. working and having a job is a privilege not a right. we have become the entitled state of america and i will tell you what i've never been in a job if i decided to go on strike they wouldn't have said, carol, guess what, that's the door don't let it hit you on the butt as you go out. if they want to strike, 20 million people
,s that actually have a much happier ending. there is a deal to end the eight-day los angeles port strike. striking harbor clerks reached a tentative settlement with management with the ports of los angeles in long beach last night. that strike idled most of america's strongest cargo complex. i think the strike originally started on november 27th. if you think it's not a big deal, there's a billion dollars in goods that goes through this port every single day. it's the largest port in the united states and it was affecting not only that port and all of the ships that had been sitting out waiting to get in with those goods. also truckers who come in and bring those good across america. they had been idled, too. it looks like the port is going to be open once again today. >>> also today is expected to be a big day of protests in egypt. this is video that you're looking at right now from cairo's tahrir square earlier this morning. things were quiet when this video was taken, but expected to be much different later on. television stations across the country planned to go dark today, joining a growing l
again. tracy: and 14 major ports that are being threatened to be shut down. we will get the latest. lori: also confidence in the global economy is higher suggesting people are picking up more security. we are back after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, ashis may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effectsay include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting morehan four hours. if you ha
who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. >>> edward glen hayden, managing director and head of global interest rates at morgan stanley, pictured here during his days at goldman sachs is being investigated by commodities and futures regulators. according to "the new york times," the question is whether hayden's trading manipulated the price of treasury futures while he was back at goldman in 2008. >>> news corp. announced the ceo of its uk newspaper operations who took the reins in july of last year is stepping down. >>> swiss banking giant ubs is reportedly close to reaching a $450 million settlement with u.s. and british authorities over an interest rate-rigging scandal that rocked the banking world this year. and on the deal front, delta airlines is said to be in talks for a 49% stake in british carrier virgin atlantic. >>> finally, check this out. the massive toys "r" us store in times square opened sunday morning. it's not going to close again until christmas eve night which means that the st
when they pull into port, but in a telephone interview, the boat skipper said it weighed in at a record 459 pounds. wow. >>> is this the end of "gangnam style" mania? korean pop star psy, his music video has become the most watched video in youtube history with a billion hits is now apologizing for anti-american lyrics he rapped back in 2004. nick valencia is here to talk more about this so this actually resurfaced on cnn through an i-report. you actually had a chance to watch it. >> i did watch the video and in full disclosure, transparency, not allowed to show the video for legal reasons, but it's pretty dramatic video. he lifts up a tank over his head, a u.s. army tank on the ground and uses his mike to crush the pieces that remain. he made the comments after 2004. you'll remember how divisive the iraq war was, of course, i don't have to tell you, but he made the comments after there was an execution of a korean missionary in iraq. a lot of people in south carolina at the time blamed the u.s. occupation there in 2004 on the reason why this missionary was executed. some of the lyrics,
resigned in that postition. but his port foalo inother positions in the state . he was not punished at all for the security lapses in benghazi. the other three are on a paid christmas holiday . they will be back in another part of the state department. they promised head said would roll and nothing has. secretary clinton has eye lot to answer for. why are they purposely misleading the public and making it look as if employees were punished or left their jobs when in fact nothing has happened. they just shifted the desk chairs. that's it . no one paid the price for the deaths of those four brave americans. shameful. >> and the independent riview board found that assistant secretary for diplomatic security eric boswell did a poor job much making sure u.s. personnel in libya were safe and secower in the the benghazi . they left them in uation . what should happen to the four pime in the state department. >> well, the state department will try to make it sound and secretary clinton will make the case. if they only had five billion more we could prevent another benghazi. the truth is, arb point
workers and shippers forging a temporary deal to avoid shutting down major ports and our economomomomom >> a last minute deal averts a crippling strike from maine to texas, but the temporary agreement will only last about a mth and jim, you say this could be the costliest union thre yet? how so? >> we've already seen tailers like home depot, lowe's and tget affect their business. we're in an age of just-in-time delivery. and when you disrupt that, you disrupt things when times are tough. bear in mind, also, there are 25 million peoe out of work. 52 million on food stamps and the unions are choosing now to flex their muscles. i don't know who is running pr for these people, it might be "monty python," it's bad timing and bad pr. >> brenda: and these people say they need a better, livable wage. yeah, what's wrong with workers getting a raise and wages going up overall in the economy? that's going to give people more confidence. >> brenda: right. >> it's a good, a little wage inflation would be good for this economy. >> brenda: jonas, are we going to see inflationft different sort? are we
to keep the russian navy stationed at a ukrainian port. >>> a small victory for the nerds today. president obama must respond to a petition responded by t.j. on the white house's we the people website, asking him to start constructing a death star by 2016. i'm talking about the death star from "star wars." the one with the planet destroying laser beams who remembers the planet? what was the planet? no one? no one? you guys are geeks. i thought you'd know it for sure. the white house promised it would answer any petition submitted to its website that gets 25,000 signatures. this one now has 27,000. the petition says a death star weapons system could help strengthen our national defense. and help create jobs. you had ten sections on google and no one could help me out? calderon. thank you. >>> the ear piercing screams fill the shopping malls this time of year, not too different from the screams at a pediatrician's office, right? last night jimmy kimmel asked viewers to judge these pictures of crying kids that were taken on santa's lap, during or comparing those to a flu shot at the doctor's
or the bears? the traders' take ahead of the opening bell. a port strike is looming. we'll ask retail federation matthew shay about the billions of dollars that could be at stake. plus, what he thinks of the holiday retail numbers. let's look at the futures as we head to the opening. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seaf
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